An investor group involving Activision Blizzard CEO Bobby Kotick is in final talks to take a controlling stake in News Corp’s social network site Myspace, according to a source familiar with the matter. Kotick’s involvement is personal and nothing to do with Activision at this stage, the source said.
Chinese Internet holding company Tencent, Myspace founder Chris De Wolfe and Myspace’s current management team are among the 20 odd names kicking the tires at the once might social network to see whether it’s worth buying outright or partnering in some sort of spin-out with current owner News Corp.
Amazon.com faced a backlash from the music industry after it introduced Cloud Drive, an online “music locker” that lets customers store music files on the company’s Web servers instead of their own hard drives and play them over an Internet connection directly from browsers and on phones running Google’s Android OS. Sony Music was upset by Amazon’s decision to launch the service without new licenses for music streaming.
Online video and DVD rental service Netflix is breaking away from its traditional role as a licensor of movies and TV shows , negotiating with actor Kevin Spacey and director David Fincher for the exclusive rights to a two-season, 26-episode remake of British political drama “House of Cards”, a source said.
It’s almost time again for the Super Bowl, which means this is when all the talk starts about those famous, and famously expensive, commercials. Just how expensive? Kantar Media came out with a study today that shows Anheuser-Busch InBev, Pepsi, Walt Disney, General Motors, Coca-Cola have combined to spend nearly $600 million on Super Bowl ads over the last 10 years. For those of you bad with numbers, that’s more than half-a-billion dollars. Keep in mind, General Motors wasn’t even part of the game for 2009 or 2010.
News Corp announced on Monday it is expanding its Capitol Hill government affairs office by promoting veterans Bill Guidera and David Fares to senior vice president and adding two more execs in Kathy Ramsey and Kristopher Jones to the Washington team.
To our surprise, News Corp President and Chief Operating Officer Chase Carey, whose studio released the highest grossing movie of all time in 3D, hesitated when asked about the future of that technology.
On the first day of one of my journalism classes, the teacher produced a large metal ring with a short rope fastened to it. The ring was made to be installed in a bull’s nose, he explained; and the rope – called a lead – let you guide him wherever you wanted. The point was clear, if somewhat condescending: Writing a good lead lets the journalist guide the reader around like cattle.